Coeur Mining Inc. (CDE) Shares Down 3.5%
Coeur Mining Inc. (NYSE:CDE)’s share price was down 3.5% on Wednesday . The stock traded as low as $14.69 and last traded at $15.03, with a volume of 3,215,842 shares changing hands. The stock had previously closed at $15.58.
Several equities analysts have recently weighed in on CDE shares. Zacks Investment Research downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. Deutsche Bank AG restated a “sell” rating on shares of Coeur Mining in a research report on Wednesday, July 20th. Barclays PLC raised their target price on Coeur Mining and gave the company an “outperform” rating in a research report on Monday, June 27th. Finally, Royal Bank Of Canada assumed coverage on Coeur Mining in a research report on Tuesday, June 21st. They set a “sector perform” rating and a $9.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.88.
The firm’s market cap is $2.47 billion. The company’s 50 day moving average price is $13.76 and its 200-day moving average price is $8.16.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The business had revenue of $182 million for the quarter, compared to analyst estimates of $173.92 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Coeur Mining Inc. will post $0.21 EPS for the current fiscal year.
In related news, Director J Kenneth Thompson sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $15.52, for a total value of $116,400.00. Following the sale, the director now owns 85,788 shares in the company, valued at approximately $1,331,429.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Peter C. Mitchell sold 16,157 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $15.88, for a total value of $256,573.16. Following the completion of the sale, the chief financial officer now owns 270,260 shares in the company, valued at approximately $4,291,728.80. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Coeur Mining stock. Royce & Associates LLC boosted its position in Coeur Mining Inc. (NYSE:CDE) by 11.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,068,000 shares of the company’s stock after buying an additional 110,500 shares during the period. Royce & Associates LLC owned approximately 0.78% of Coeur Mining worth $2,649,000 as of its most recent filing with the SEC.
Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.